Leyprint rescue saves 54 jobs

The rescue of a Leyland packaging print firm has saved 54 jobs.

LeyprintScenestock Ltd, which trades as Leyprint, was bought out of administration, whilst administrators from Leonard Curtis warned that the firm would require "significant restructuring".

The company was acquired through a pre-packaged insolvency by the recently-formed Affinity Packaging, based in Kendal.

The main backers of the bid were members of the Mould family, which has overseen the firm since 1901, and Chris Dew, finance director at Clondalkin Pharma & Healthcare UK, another packaging business.

Chris said: "The Affinity directors and shareholders are pleased to be taking on this long-established and well known business that was unfortunately unable to avoid administration due to a decline in turnover and the impact of other adverse events." Administrator Julien Irving said: "The business required significant restructuring which could only be achieved through an administration process. The business and its costs are now aligned to the scale of operations to enable the business to trade profitably going forward."